Uploaded August 2026 | Updated September 2026, 2 weeks ago
Diesel refining margins are at record extremes as Russian refinery outages and low inventories leave Europe and North America short of supply.
Alex Hodes, Director of Energy Market Strategy at StoneX, explains how disrupted Russian refining capacity, record margins and thin distillate inventories are reshaping global diesel flows.
Roughly 1.5 million barrels per day of Russian refining capacity is offline, and repeated strikes keep that figure moving as plants are repaired and hit again. Europe has turned to the U.S. Gulf Coast to cover the gap, with U.S. diesel exports at seasonal highs while the arbitrage window stays open. Supply through the Yanbu port on the Red Sea has become harder to rely on as Houthi attacks disrupt that corridor.
Discover Actionable Energy Insights with StoneX Market Intelligence: shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_alex_hodes&utm_content=share
00:00 - Europe's Diesel Squeeze Bites
01:09 - Margins at All-Time Extremes
01:58 - Russian Refineries Go Dark
03:12 - Attacks Become the New Normal
04:13 - Europe Leans on U.S. Barrels
05:58 - U.S. Stocks Pay the Price
Like and subscribe for more financial market insights.
#Diesel #StoneX #AlexHodes #CrudeOil
Diesel refining margins are at record extremes as Russian refinery outages and low inventories leave Europe and North America short of supply.
Alex Hodes, Director of Energy Market Strategy at StoneX, explains how disrupted Russian refining capacity, record margins and thin distillate inventories are reshaping global diesel flows.
Roughly 1.5 million barrels per day of Russian refining capacity is offline, and repeated strikes keep that figure moving as plants are repaired and hit again. Europe has turned to the U.S. Gulf Coast to cover the gap, with U.S. diesel exports at seasonal highs while the arbitrage window stays open. Supply through the Yanbu port on the Red Sea has become harder to rely on as Houthi attacks disrupt that corridor.
Discover Actionable Energy Insights with StoneX Market Intelligence: shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_alex_hodes&utm_content=share
00:00 - Europe's Diesel Squeeze Bites
01:09 - Margins at All-Time Extremes
01:58 - Russian Refineries Go Dark
03:12 - Attacks Become the New Normal
04:13 - Europe Leans on U.S. Barrels
05:58 - U.S. Stocks Pay the Price
Like and subscribe for more financial market insights.
#Diesel #StoneX #AlexHodes #CrudeOil
